China arrests 62 suspects abroad, US$1.5 billion seized in P2P crackdown

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Crackdown on online finance.

China arrests 62 suspects abroad, US$1.5 billion seized in P2P crackdown
China has arrested 62 suspects abroad and seized 10 billion yuan (US$1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms since June as part of a crackdown on online finance, the public security ministry said. The arrest of P2P suspects hiding overseas is a top ...

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